free port

Free Port

A port where ships can dock and unload goods without paying tariffs or other fees on those goods. The goods can be held duty-free at the free port for a certain period of time, though generally they must be re-exported at the end of the period. Free ports may be used to make final improvements on unfinished goods.

We have agreed to create a joint economic free zone between the two countries in a bid to pave the way for greater transactions between Tehran and Doha and help the two sides' private sectors," Zarif told reporters after meeting his Qatari counterpart Sheikh Khalid bin Mohammad Al-Attiyeh in Tehran on Wednesday.

An official of IFEZA said, "Located within the area of Yongyu and Muui Culture, Tourism and Leisure Metroplex which is to be developed as an international tourist city, the academy business is expected to contribute both to revitalizing the economic free zone and to developing the national tourism industry.

DP World and the Ministry for Foreign Affairs and International Cooperation of the Republic of Somaliland have signed an agreement to establish a greenfield economic free zone to complement the development of the Port of Berbera .

Our alliance is a commitment to create the "The Dubai Logistic Corridor", one of the largest multi-modal logistics platforms in the world, linking the largest man-made sea port and the largest airport in the world, creating a Economic Free Zone community and logistics model that is unsurpassed in global connectivity.

In addition, the EU states' experience of moving beyond a simple economic free zone and into a much more wide-ranging political union means that it has a far more technically advanced central bureaucracy, which is able to define and enforce its increasingly complicated rules, with well-trained staff reporting to a central body that has been fully entrusted by its member states to negotiate on their behalf.

Other awards and citations received by the Dubai Airport Freezone in the past were the ISO Award, FDI Magazine Award for the "Fastest economic free zone to attract companies," and the MELA award for "Best Airport Free Zone in the Middle East" for two consecutive years (2006 and 2007), among others.

The company's first joint venture was formed with China Merchant's Group, the local authority which controls the Shekou Industrial zone, China's first established economic free zone, located approximately 60 miles from Hong Kong.

DP World was recently awarded the concession to develop and operate the existing container terminal at Dakar and invest in a new container terminal at the city's Port du Futur, while the Jebel Ali Free Zone is developing a special economic free zone connected to Senegal's new Blaise Diagne Airport, which is currently under construction.

With its state-of-the art facilities, friendly service, competitive rates and continuing development, RAK FTZ earned the 17th position of fDi magazine's Top 100 Special Economic Free Zone of the Future 2008/2009 over stiff competition.

Abbasi mentioned that CPEC was the visible and significant part of OBOR and had resulted in materializing of several development projects in the country including motorways, Gwadar airport, economic free zones and energy generation projects.

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